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What are Commitment Transactions?

What are Commitment Transactions?

Contracting transactions, generally in the construction and engineering sectors, include contracts made to complete a project within the specified conditions, budget and time frame. These transactions represent the agreement between the project owner and the contractor company and cover a wide range from project design to construction and after delivery.

Project Management and Consultancy
The first step within the scope of contracting transactions is usually project management and consultancy services. At this stage, the scope, cost and timeline of the project are planned in detail. The most suitable solutions for the project are developed in line with the customer's needs and expectations and project management strategies are determined.

Design and Engineering
Commitment processes also include the design and engineering studies of the project. In this process, architectural designs, engineering calculations and technical drawings are made. The project's technical requirements, structural safety standards and compliance with environmental regulations are addressed at this stage.

Construction and Application
The construction and implementation phase of projects constitute the most important part of the contracting process. In this process, it is ensured that the project is built in accordance with the designs and technical specifications. The construction process includes many different activities such as material procurement, labor, site management and quality control.

Inspection and Quality Control
Commitment procedures also include inspection and quality control works carried out throughout the project. These activities are carried out to check that the project is progressing in accordance with the determined standards and conditions and to make the necessary corrections.

Delivery and Post Services
After the completion of the projects, the official delivery of the work is carried out. This phase may include the delivery process, delivery of required documents and certificates, and training for the end user. Additionally, contracting operations include maintenance, repair and support services provided after the delivery of the project.

Contracting processes require an interdisciplinary approach that covers all processes from the beginning to the end of the project. These processes include the organization, planning, implementation and control activities necessary for the successful completion of the project.

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